VALE Declines 34.3% YTD: How Should You Play the Stock?

Vale S.A (VALE) shares have plunged 34.3% in the year-to-date period, underperforming the broader Zacks Basic Materials sector's 4.5% decline and the S&P 500's climb of 16.8%. The downtrend in iron ore prices has been reflected in its share price movement. China's property crisis has weighed on demand for the steel-making ingredient. Beside low iron ore prices, Vale has been grappling with elevated input costs, particularly freight. VALE's YTD Price Performance Versus Sector & S&P Zacks Investment Research ...